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Top banks put euro-area crisis fund on track

Largest lenders in bloc, including 14 from Germany, will contribute 2.8b euros this year
Saturday, September 12, 2015 - 08:00

Frankfurt

THE biggest euro-area banks will put 2.8 billion euros (S$4.5 billion) this year into crisis funds intended to keep taxpayers off the hook for meltdowns in the financial industry.

Fourteen German banks are contributing 1.4 billion euros, while five in France will pay 856